Associate Consultant - Business Consulting Risk - FS - CNS

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we dont just focus on who you are now, but who you can become. We believe that it s your career and It s yours to build which means potential here is limitless and well provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.

The opportunity : Associate Consultant- FS-Business Consulting Risk-CNS - Risk - Process & Controls - Bangalore

FS :

Amid comprehensive regulatory change, today s financial services institutions are focusing on digital transformation, convergence and disruption from an array of non traditional competitors all while meeting greater demands for trust and transparency.

To address this delicate balance of issues, our proficient team of business strategists, technologists and industry leaders bring fresh thinking and sector knowledge across banking and capital markets, insurance, and wealth and asset management. The results are seamless collaboration, innovative problem solving, breakthrough performance gains and sustainable value creation.

We recruit, train and foster a diverse set of people who give their minds to building the future of financial services. Together, we explore new perspectives with innovative and innovative thinking to deliver exceptional client service and ensure that what we do today, counts for tomorrow.

CNS - Risk - Process & Controls :

EY Consulting is building a better working world by transforming businesses through the power of people, technology and innovation. Our client-centric approach focuses on driving long-term value for our clients by solving their most strategic problems. EY Consulting is made up of three sub-service lines: Business Consulting (including Performance Improvement and Risk Consulting), Technology Consulting and People Advisory Services.

We help our clients in identifying and managing the interplay between upside and downside risk in order to make the long-term decisions to prevent risk and impact on their organizations ability to meet its future business strategy and objectives. The 3 key fields of play are :

Enterprise Risk - helps clients identify and address key risk areas, while building the agility to respond quickly. The areas of focus include Enterprise risk and resilience, Internal audit, Compliance and Internal controls

Technology Risk - helps clients to achieve sustainable growth by supporting their efforts to protect their business performance and by providing trusted communications on internal control and regulatory compliance to investors, management, regulators, customers and other stakeholders. EY teams accomplish this by assessing the technology risks that are introduced to businesses.

Financial Services Risk - helps clients in the financial sector to identify, manage and monitor the risks in their business. It is done through a transformative and agile approach including process and procedures, risk, data modeling and analytics, reporting to stakeholders and third parties, business requirements (for software selection and IT implementation), analysis of assets and liabilities, and capital and liquidity management.

Your key responsibilities

Technical Excellence

Minimum requirement

Experience working on system generated L1 alerts.
3 to 5 years prior experience working on TM alerts for global banks.
Exposure to working on retail, institutional and business banking clients.
Exposure to Transaction monitoring typologies, scenarios.
Good analytical and grammar skills.
Experience in drafting alert narratives.

Key responsibilities

Reviewing/Investigating TM L1 Alerts generated by Oracle TM system and carrying out necessary investigation to ascertain the alert as a false-positive or escalation to L2.
Drafting alert narratives for scenarios against which alerts have triggered and providing supporting evidence.
Escalate potential findings or risks identified during the review of alerts.
Drafting and sending RFIs (Request for Information) for additional information.
Conducting screening on the alerted customer and related counterparties for any negative or adverse news.

Key Qualifications:

Bachelors degree in Finance, Business, Law, or a related field.
5+ years of experience in transaction monitoring, AML, or financial crime investigations.
Strong knowledge of AML laws, regulations, and guidelines (e.g., FATF, BSA, AMLD).
Experience with transaction monitoring systems and case management tools.
Excellent analytical, problem-solving, and decision-making skills.
Strong communication and interpersonal skills for cross-functional collaboration.
Ability to handle sensitive information with discretion and maintain confidentiality.

Key Responsibilities:

Transaction Monitoring:
Review and investigate alerts generated by the transaction monitoring system.
Escalate complex or high-risk alerts for further analysis or management review.
Conduct detailed investigations into suspicious activities and transactions to detect potential fraud, money laundering, or other illicit financial activities.

Skills and attributes

To qualify for the role you must have
Qualification

Minimum requirement

Experience working on system generated L1 alerts.
3 to 5 years prior experience working on TM alerts for global banks.
Exposure to working on retail, institutional and business banking clients.
Exposure to Transaction monitoring typologies, scenarios.
Good analytical and grammar skills.
Experience in drafting alert narratives.

Key responsibilities

Reviewing/Investigating TM L1 Alerts generated by Oracle TM system and carrying out necessary investigation to ascertain the alert as a false-positive or escalation to L2.
Drafting alert narratives for scenarios against which alerts have triggered and providing supporting evidence.
Escalate potential findings or risks identified during the review of alerts.
Drafting and sending RFIs (Request for Information) for additional information.
Conducting screening on the alerted customer and related counterparties for any negative or adverse news.

Key Qualifications:

Bachelors degree in Finance, Business, Law, or a related field.
5+ years of experience in transaction monitoring, AML, or financial crime investigations.
Strong knowledge of AML laws, regulations, and guidelines (e.g., FATF, BSA, AMLD).
Experience with transaction monitoring systems and case management tools.
Excellent analytical, problem-solving, and decision-making skills.
Strong communication and interpersonal skills for cross-functional collaboration.
Ability to handle sensitive information with discretion and maintain confidentiality.

Key Responsibilities:

Transaction Monitoring:
Review and investigate alerts generated by the transaction monitoring system.
Escalate complex or high-risk alerts for further analysis or management review.
Conduct detailed investigations into suspicious activities and transactions to detect potential fraud, money laundering, or other illicit financial activities.

Experience

Minimum requirement

Experience working on system generated L1 alerts.
3 to 5 years prior experience working on TM alerts for global banks.
Exposure to working on retail, institutional and business banking clients.
Exposure to Transaction monitoring typologies, scenarios.
Good analytical and grammar skills.
Experience in drafting alert narratives.

Key responsibilities

Reviewing/Investigating TM L1 Alerts generated by Oracle TM system and carrying out necessary investigation to ascertain the alert as a false-positive or escalation to L2.
Drafting alert narratives for scenarios against which alerts have triggered and providing supporting evidence.
Escalate potential findings or risks identified during the review of alerts.
Drafting and sending RFIs (Request for Information) for additional information.
Conducting screening on the alerted customer and related counterparties for any negative or adverse news.

Key Qualifications:

Bachelors degree in Finance, Business, Law, or a related field.
5+ years of experience in transaction monitoring, AML, or financial crime investigations.
Strong knowledge of AML laws, regulations, and guidelines (e.g., FATF, BSA, AMLD).
Experience with transaction monitoring systems and case management tools.
Excellent analytical, problem-solving, and decision-making skills.
Strong communication and interpersonal skills for cross-functional collaboration.
Ability to handle sensitive information with discretion and maintain confidentiality.

Key Responsibilities:

Transaction Monitoring:
Review and investigate alerts generated by the transaction monitoring system.
Escalate complex or high-risk alerts for further analysis or management review.
Conduct detailed investigations into suspicious activities and transactions to detect potential fraud, money laundering, or other illicit financial activities.